First Data Corp. priced an underwritten secondary offering of 64 million class A common shares by selling shareholder New Omaha Holdings LP at $23.75 per share.
The offering is expected to close on Aug. 16.
As previously reported, New Omaha Holdings has granted the underwriters a 30-day option to purchase up to 9.6 million additional shares. All proceeds from the offering will go to the selling shareholder.
Citigroup, BofA Merrill Lynch, PNC Capital Markets LLC, Wells Fargo Securities, Deutsche Bank Securities and KKR Capital Markets are acting as joint book-running managers for the offering. Credit Suisse, Goldman Sachs & Co. LLC, Mizuho Securities, Morgan Stanley, SunTrust Robinson Humphrey, Barclays, BMO Capital Markets, HSBC, Keefe Bruyette & Woods and KeyBanc Capital Markets are acting as book runners. Allen & Co. LLC, BB&T Capital Markets, BBVA, Citizens Capital Markets, Craig-Hallum Capital Group, Huntington Capital Markets, Santander, TD Securities and Wolfe Capital Markets and Advisory are acting as co-managers.